Balmuda (TSE:6612) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Balmuda LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Balmuda's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Balmuda's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.03). It may suggest that Balmuda is progressively becoming less dependent on debt to grow their business.

Balmuda LT-Debt-to-Total-Asset Historical Data

The historical data trend for Balmuda's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Balmuda LT-Debt-to-Total-Asset Chart

Balmuda Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.05

0.01

0.03

0.04

Balmuda Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.08	0.07	0.06	0.04	0.03

Balmuda LT-Debt-to-Total-Asset Calculation

Balmuda's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	328	/	7803
	=	0.04

Balmuda's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	225	/	7141
	=	0.03

Balmuda (TSE:6612) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Balmuda LT-Debt-to-Total-Asset Related Terms

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Balmuda (TSE:6612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Balmuda Inc (TSE:6612) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-1-21 Kyonancho, Musashino, Tokyo, JPN, 180-0023

Website

https://www.balmuda.com

Balmuda Inc is engaged in the design, development, manufacturing, and marketing and sales of home appliances. The product portfolio of the group include kitchen equipment, lighting equipment, cleaning equipment, audio and others.

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